Skip to main content

ATW Tech Inc. Provides Further Update on the Delay in Filing Its Annual Financial Statements and Management’s Discussion and Analysis

Written by Customer Service on . Posted in Public Companies.

MONTREAL, June 16, 2020 (GLOBE NEWSWIRE) — ATW TECH INC. (TSXV: ATW – “ATW” or the “Corporation”). ATW announces that it is unable to file its annual financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications, for the financial year ended December 31, 2019 (the “Annual Filings”), by the filing deadline provided for under the temporary exemption granted under decision N°2020-PDG-0023 issued by the Autorité des marchés financiers (“AMF Temporary Exemption“).
ATW worked diligently and expeditiously with its auditors to file the Annual Filings on or before June 14, 2020; however, our auditors were unable to complete their audit by June 14, 2020 and as such, the Corporation was not able to file the Annual Filings prior to June 14, 2020, as required under the AMF Temporary Exemption.  ATW plans to remedy the default and file the Annual Filings as soon as it is able to do so and expects such filing to occur on or prior to July 15, 2020. The Company also intends to satisfy the provisions of the alternate information guidelines of section 10 of Policy Statement 12-203 – Management Cease Trade Orders (“PS 12-203”) as long as it is in default of the filing requirements by issuing bi-weekly default status reports.We confirm that ATW has now filed an application with the Autorité des marches financiers (“AMF”), for a management cease trade order (the “MCTO“), which will restrict all trading in securities of the Corporation, whether direct or indirect, by management of the Corporation. The MCTO does not affect the ability of shareholders who are not insiders of the Corporation to trade their securities.The Corporation confirms that there are no insolvency proceedings against it as of the date of this press release. The Corporation also confirms that there is no other material information concerning the affairs of the Corporation that has not been generally disclosed as of the date of this press release.Additional information regarding ATW is available on SEDAR www.sedar.com. The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.ABOUT ATWATW Tech (TSX-V: ATW) is a leader in financial technologies (‘fintech’), owner of several web platforms including VoxTel and Option.vote. VoxTel offers various interactive communication, landline and mobile carrier billing phone solutions. Option.vote offers a large scale, customizable, and secure multi-method voting system for unions, political parties, professional associations, and others looking for a way to reduce their voting costs and to improve their participation rates.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For further information, please contact:ATW Tech Inc.
Michel Guay
Founder, president and CEO
Tel.: 844.298.5932 ext. 301
mguay@atwtech.com
www.atwtech.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.